Arkade Developers to Redevelop Four Housing Societies in Borivali West, Mumbai

Arkade Developers has successfully secured the cluster redevelopment rights for four housing societies near Mahavir Nagar in Borivali West, Mumbai. The project, which spans an area of 7,084 square meters, is expected to generate a gross development value (GDV) of Rs. 865 crore. The redevelopment will provide a saleable carpet area of approximately 2.44 lakh square feet, offering significant residential space in one of Mumbai’s thriving suburban areas.

The Housing Societies Involved in the Redevelopment

The four societies included in the redevelopment project are:

• Satya Shreepal Nagar A CHS

• Om Shreepal Nagar B & C CHS

• Sheetal Shreepal CHS

• Sai Shreepal CHS

These societies will be redeveloped to provide modern housing solutions to the residents, with improved infrastructure and amenities. The project aligns with the city’s ongoing efforts to address the housing shortage and upgrade older residential buildings.

Expansion into Malad West with Nutan Ayojan Redevelopment

In addition to the redevelopment in Borivali West, Arkade Developers is also focusing on the redevelopment of Nutan Ayojan, a cooperative housing society in Malad West. This project, covering 6,858.90 square meters, is expected to generate a GDV of approximately Rs. 740 crore. With this initiative, the company continues to expand its presence in Mumbai’s real estate sector, focusing on delivering modern, high-quality residential developments.

Strategic Growth and Future Prospects

The two major redevelopment projects reflect Arkade Developers' strategic approach to urban renewal in Mumbai, capitalizing on the increasing demand for quality residential spaces in suburban areas. By redeveloping older and dilapidated housing societies, the company is not only contributing to the city’s real estate development but also providing improved living conditions for the loca